The global demand for Caustic Soda Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX MT in2019 and foreseen to touch XX MT by 2026 with a CAGR of XX% during 2020-2026.
Caustic soda also known as sodium hydroxide is a white crystalline solid soluble in water. It is utilised in the manufacturing of paper, rayon, soaps, dyestuff, explosives and petroleum products. It is a basic feedstock for the manufacture of a wide range of organic and inorganic chemicals. It is also employed in the processing of metal cleaning, oxide coating, electrolyte coating, cotton fabric, and electroplating. It is generally sold in the form of flakes, prills, cast blocks, and less commonly as tablets, briquettes, and granules. Caustic soda is excellent adhesives, sealant, adsorbents, absorbents, bleaching agents, CBI, corrosion inhibitors, anti-scaling agents, defoamer, finishing agents, and flame retardants.
Global caustic soda market is primarily influenced by growing industrialization. The market is undergoing massive variation. Growing chemicals production and growing manufacturing of consumables such as soap, detergent, and paper are driving the growth of the market. From a geographic perspective, Asia Pacific is projected to grow at the fastest pace. This is due to the robust growth of manufacturing industries within the region. New strategies set by the government for industrial development are factors pushing the growth forward. China is a major producer of caustic soda followed by North America and Europe. Manufacturers within Europe are expanding their production capacity. Apart from the expanding production capacity, other factors such as the phase-out of mercury cell process, and the vertical integration by vendors in the Chlor-alkali industry will have a noteworthy impact on the growth of the caustic soda market revenue. However, fluctuating prices due to imbalance in supply and demand are foreseen to hamper growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of Caustic Soda.
The entire Caustic Soda market has been sub-categorized into production process, and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Production Process
- Membrane Cell
- Diaphragm Cell
- Water Treatment
- Inorganic Chemical Production
- Paper & Pulp
- Soap, detergent, and Textiles
- Organic Chemical production
This section covers regional segmentation which accentuates on current and future demand for Caustic Soda market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Caustic Soda Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Caustic Soda market include Akzo Nobel NV, Occidental Petroleum Corporation, Solvay, Dow, Shin-Etsu Chemicals Co. Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.